Cibi e Bevande
Plant-Based Dairy Products Market to Reach USD 34 Billion by 2030 | Insights on Milk, Cheese, Yogurt, and Emerging Alternatives: MarkNtel Advisors
According to a 2023 survey, over 87.95 million people worldwide identified as vegan, creating a global consumer base fueling long-term industry growth.
Globally, nearly 68% of people suffer from lactose malabsorption, making lactose-free diets more of a necessity than a lifestyle choice. In the United States alone, about 36% of the population is lactose-intolerant. This widespread condition accelerates the shift to almond, soy, and oat milk, which are naturally lactose-free and widely available.
The popularity of veganism has surged across North America , Europe , and Asia-Pacific . Documentaries, NGO campaigns, and heightened awareness of animal welfare are driving consumers to choose ethical dairy alternatives. Brands such as Oatly and Alpro capitalize on this by positioning themselves as sustainable and cruelty-free options.
Plant-based dairy is increasingly perceived as healthier, with many products fortified with calcium, Vitamin B12, and proteins. Oat milk, for instance, is rich in beta-glucans, which help manage cholesterol. Environmentally, oat and soy require significantly less water compared to conventional dairy, aligning with climate-conscious consumer values.
Oat milk is emerging as the fastest-growing product segment. Between 2020–2023, it grew at over 10% CAGR, outpacing almond and soy. Its creamy texture and versatility in coffee beverages make it the preferred choice for cafes across North America and Europe .
Global policies are fostering market growth:
Such measures create a fertile environment for vegan dairy expansion.
Brands like Perfect Day are using precision fermentation to create animal-free whey proteins, while NotCo leverages AI to mimic dairy-like taste using plant ingredients. Companies like Ripple Foods also focus on pea-based high-protein milk, catering to the health-conscious consumer segment.
Plant-based milk often costs more than double traditional dairy milk ( USD 3.50 vs USD 1.50 per half-gallon in the U.S.). This price barrier slows adoption in emerging economies where affordability drives consumption.
Sourcing almonds, oats, and soy at scale presents logistical and environmental challenges. For example, almond farming is water-intensive, making it less sustainable in drought-prone regions.
Despite fortification, some consumers remain skeptical of plant-based dairy's nutritional parity with conventional dairy. Overcoming this perception requires sustained education and transparent labeling.
AI-powered food startups are revolutionizing product formulation, enabling companies to replicate dairy taste and mouthfeel more closely than ever before.
Organizations like PETA and campaigns such as "Cowspiracy" have highlighted the ethical concerns of animal farming. As a result, animal welfare has become a leading purchase motivator for dairy alternatives.
Consumers increasingly prefer organic and non-GMO products. In 2023, U.S. organic food sales reached USD 69.7 billion , with plant-based dairy accounting for a significant share.
The dominates with around 65% market share, reflecting consumer demand for clean-label and chemical-free products.
The market is highly competitive, with global players and startups innovating rapidly.
Millennials and Gen Z are driving adoption due to health consciousness and climate concerns. Cafés, restaurants, and QSR chains like Starbucks now standardize plant-based milk options, reinforcing mainstream acceptance.
According to MarkNtel Advisors is the leading , the plant-based dairy products industry presents significant opportunities for both established players and new entrants. With Asia-Pacific leading in growth and innovations accelerating product adoption, businesses aligning with consumer trends will achieve sustained success.
The market is expected to grow at around 9% CAGR.
Plant-based milk leads with nearly 50% market share.
Asia-Pacific with 35% share in 2024.
Danone, Nestlé, Arla Foods, Chobani, NotCo, and Ripple Foods.
Oat milk popularity, AI-driven innovation, and organic product demand.
The Global Plant-Based Dairy Products Market is on a strong growth trajectory, fueled by lactose-free demand, veganism, and sustainability concerns. While high costs remain a barrier, innovation and policy support are expected to bridge the gap. For investors and businesses, the next five years present immense opportunities in oat milk, AI-based formulations, and emerging Asian markets.
: According to a dedicated report, the Latin America Plant-Based Dairy Products Market size was valued at around USD 1.38 billion in 2024 and is projected to reach USD 2.54 billion by 2030.
: According to a dedicated report, the Southeast Asia Plant-Based Dairy Products Market size was valued at around USD1.41 Billion in 2024 and is projected to reach USD 1.98 Billion by 2030.
: According to a dedicated report, the Global Plant-Based Leather Market size was valued at around USD79 million in 2024 and is projected to reach USD125 million by 2030.
: According to a dedicated report, the Global Plant Based Meat Market projected to rich new height by 2030.
: According to a dedicated report, the Europe Plant-Based Dairy Products Market size was valued at around USD 4.5 billion in 2024 and is projected to reach USD 7.8 billion by 2030.
: According to a dedicated report, the India Plant-Based Dairy Products Market size was valued at around USD 2.5 billion in 2024 and is projected to reach USD 4.9 billion by 2030.
: According to a dedicated report, the Global Plant-based Dairy Market size is estimated to grow at a CAGR of around 9.1% during the forecast period, i.e., 2024-30.
: According to a dedicated report, the India Plant-Based Food Products Market is projected to grow at a CAGR of around 14% by 2028.
: According to a dedicated report, the Global Plant Based Food & Beverages market is anticipated to grow at a CAGR of around 11% by 2026F.
: According to a dedicated report, the Global Plant-Based Protein market expected to surge at a CAGR of around 13.82% in 2025.
MarkNtel Advisors is a leading consulting , data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific , Europe , the Middle East & Africa , etc., and many countries across the regional scale, namely, the US, India , the Netherlands , Saudi Arabia , the UAE, Brazil , and several others.
Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301,
India
Contact No: +91 8719999009
Email: sales@marknteladvisors.com
https://www.marknteladvisors.com
Logo - https://mma.prnewswire.com/media/2687299/5522427/MarkNtel_Advisors_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/plant-based-dairy-products-market-to-reach-usd-34-billion-by-2030--insights-on-milk-cheese-yogurt-and-emerging-alternatives-markntel-advisors-302563137.html